https://www.taxtmi.com/circulars?id=68420 Procedures require rapid verification of intelligence and preparation of a case file within three days, followed by authorized inspection, search and seizure and completion of inspection report within fifteen days. Where evidence shows bill trading and fraudulent ITC, officers must promptly initiate show cause for ab initio cancellation of registration, block Electronic Credit Ledger balances under Rule 86A, identify suppliers and beneficiaries, and pursue adjudication, tax determination and penalties with well reasoned orders within prescribed timelines to prevent automatic unblocking. en-us Mon, 20 Mar 2023 00:00:00 +0530 Thu, 03 Apr 2025 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68420 Procedures require rapid verification of intelligence and preparation of a case file within three days, followed by authorized inspection, search and seizure and completion of inspection report within fifteen days. Where evidence shows bill trading and fraudulent ITC, officers must promptly initiate show cause for ab initio cancellation of registration, block Electronic Credit Ledger balances under Rule 86A, identify suppliers and beneficiaries, and pursue adjudication, tax determination and penalties with well reasoned orders within prescribed timelines to prevent automatic unblocking. Circulars GST - States Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68420